Allen-Vanguard unit wins potential $7.5-million deal
2008-12-05 08:15 ET - News Release
Mr. David Luxton reports
ALLEN-VANGUARD AWARDED COUNTER-IED SERVICES CONTRACT WORTH UP TO $7.5 MILLION FOR U.S. DEPARTMENT OF DEFENSE (DOD)
Allen-Vanguard Corp.'s wholly owned subsidiary, Hazard Management Solutions Inc., has been awarded a contract to provide Crew vehicle receiver/jammer training and operational support to the U.S. Department of Defense. The initial contract carries a base-year value of approximately $2.1-million. The program provides for two optional years totalling $5.4-million, for a potential three-year value of approximately $7.5-million. All amounts are in Canadian dollars unless otherwise stated.
"We are very pleased to contribute vital support to the warfighter in the ongoing effort against the lethal hazard of improvised explosive devices," said David E. Luxton, president and chief executive officer of Allen-Vanguard. "This contract award today recognizes our highly specialized capability in Counter-IED and reflects the expectation of ongoing demand for solutions to the IED threat, which continues to be described as persistent, global and evolving."
